Appointment of independent director

According to section 161(!) An additional Director shall hold the office upto the date of upcoming Annual General meeting of the company or on the date on which AGM has been held, whichever is earlier.At AGM such a additional director can be regularised as Independent Director of the Company and such a independent director shall not has or had pecuniary relationship with the Company, its holding Company, subsidiary Company or associate company or their promoters or directors during 2 immediately preeceding finanacial year and during current financial year